Jabil (JBL) Sets New 12-Month Low at $23.61

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Jabil Inc (NYSE:JBL) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $23.61 and last traded at $23.91, with a volume of 77990 shares changing hands. The stock had previously closed at $23.81.

Several research analysts have commented on the company. JPMorgan Chase & Co. set a $37.00 price objective on Jabil and gave the company a “buy” rating in a research report on Wednesday, September 26th. Zacks Investment Research lowered Jabil from a “hold” rating to a “sell” rating in a research report on Wednesday, June 20th. ValuEngine lowered Jabil from a “hold” rating to a “sell” rating in a research report on Saturday, October 6th. Finally, TheStreet lowered Jabil from a “b-” rating to a “c+” rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $33.00.

The company has a debt-to-equity ratio of 1.27, a current ratio of 1.04 and a quick ratio of 0.57. The stock has a market cap of $4.56 billion, a P/E ratio of 10.94, a PEG ratio of 0.85 and a beta of 0.40.

Jabil (NYSE:JBL) last announced its earnings results on Tuesday, September 25th. The technology company reported $0.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.02. Jabil had a return on equity of 16.56% and a net margin of 0.39%. The business had revenue of $5.77 billion for the quarter, compared to analyst estimates of $5.41 billion. During the same period in the previous year, the company earned $0.64 earnings per share. The company’s revenue for the quarter was up 14.9% compared to the same quarter last year. On average, analysts anticipate that Jabil Inc will post 2.64 EPS for the current fiscal year.

In other news, President William E. Peters sold 13,915 shares of Jabil stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $28.11, for a total transaction of $391,150.65. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Mark T. Mondello sold 30,000 shares of Jabil stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $30.01, for a total value of $900,300.00. Following the sale, the chief executive officer now directly owns 1,801,889 shares in the company, valued at $54,074,688.89. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 92,245 shares of company stock worth $2,618,431. Corporate insiders own 2.60% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in JBL. Strs Ohio purchased a new stake in shares of Jabil during the second quarter worth about $30,790,000. Fuller & Thaler Asset Management Inc. increased its position in shares of Jabil by 45,361.7% during the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,045,620 shares of the technology company’s stock worth $28,922,000 after acquiring an additional 1,043,320 shares during the last quarter. Paradigm Capital Management Inc. NY purchased a new stake in shares of Jabil during the second quarter worth about $20,811,000. Natixis increased its position in shares of Jabil by 4,690.5% during the second quarter. Natixis now owns 606,663 shares of the technology company’s stock worth $16,780,000 after acquiring an additional 593,999 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Jabil by 22.7% during the second quarter. Wells Fargo & Company MN now owns 2,280,837 shares of the technology company’s stock worth $63,087,000 after acquiring an additional 422,627 shares during the last quarter. 89.88% of the stock is currently owned by institutional investors and hedge funds.

About Jabil (NYSE:JBL)

Jabil Inc provides electronic manufacturing services and solutions worldwide. The company operates through two segments, Electronics Manufacturing Services and Diversified Manufacturing Services. It offers electronics design, production, and product management services. The company provides electronic circuit design services, such as application-specific integrated circuit design, firmware development and rapid prototyping services; and designs plastic and metal enclosures that include the electro-mechanics, such as the printed circuit board assemblies (PCBA).

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